Undischarged Bankrupt

Undischarged Bankrupt

A person or organization who has filed for bankruptcy but has not received permission from the court to stop making payments on debts. Many debts are ultimately discharged (meaning forgiven), but some debts must be repaid even after the bankruptcy is finalized.

The first strayed off into the infinite, heeding no appeals; the second was killed in the night by a fruit motor-waggon which fled before Grubb could get down; the third got itself entangled in the front wheel of a passing cyclist, who came through the plate glass, and proved to be an actor out of work and an undischarged bankrupt.

The Co-op - who recently stopped offering basic accounts to undischarged bankrupts - are backing a call from customer rights group Consumer Focus for the banking industry to agree minimum standards on basic accounts.

Charity Citizens Advice said the majority of banks were refusing to let undischarged bankrupts open even a basic bank account, that did not have a credit facility, despite there being no legal justification for this.

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